Jurisdiction(s):
United Kingdom

Key definition

Administrative Receiver definition

What does Administrative Receiver mean? An administrative receiver is an insolvency practitioner appointed by the holder of a debenture secured by a floating charge over the whole or substantially the whole of a company’s undertaking to enforce that security. They take control of the company’s business and charged assets, may trade to preserve value, and realise assets primarily for the appointing secured creditor. They act as agent of the company and must pay receivership expenses and preferential debts from floating-charge realisations before accounting to the charge holder. The procedure is known as administrative receivership. In England & Wales and Scotland, and in Northern...

Effects of administrative receivership on company property, contracts, employees and leases: no statutory moratorium, floating charge crystallisation, adoption liability, and landlords’ right to forfeit

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

Statutory moratorium

Putting an administrative receiver in place does not, in itself, trigger a statutory moratorium. Accordingly, a company’s creditors may either issue or continue any court proceedings against the company.

floating charge

On appointment, any floating charge over the company’s assets crystallises immediately. Consequently, the company cannot deal with, dispose of, or manage assets caught by that charge. As a floating charge must extend over the whole or substantially the whole of the company’s assets, the administrative receiver will, in effect, assume and exercise the directors’ executive powers and functions.

Employees

As a general principle, employees are not instantly affected by the appointment of an administrative receiver. Employment contracts do not end automatically on appointment, and do not terminate by default...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...